MachineMetrics raises $11.3m to help assist manufacturers with analytics initiatives

Industrial IoT analytics and machine monitoring platform MachineMetrics has raised $11.3 million in a recently held series A financing round that was led by Tola Capital.

MachineMetrics’ system is designed in such a manner that its customers can install it by themselves without requiring costly and time-consuming customisation. Once the installation is done, manufacturers can collect, visualise and analyse data from any...

By IoT News, 12 December 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.

Hyundai, SK Telecom, and Trimble collaborate on IoT construction solution

A trio of companies from the US and South Korea are partnering on an IoT construction solution which incorporates 5G and AI.

The companies – Hyundai, SK Telecom, and Trimble – will build a solution enabling construction equipment to be monitored remotely. Safety can be managed in real-time and operations improved with AI.

Hyundai Construction Equipment provides the physical hardware for the solution with equipment such as forklifts and excavators.

Trimble, a US-based company, will provide the...

By Ryan Daws, 10 December 2018, 0 comments. Categories: IIoT, IoT, Manufacturing.

Semtech utilises IoT-equipped LoRa devices in agriculture and smart ranching

Semtech has announced that Australian carrier National Narrowband Network Co (NNNCo) is deploying a publicly available network based on the LoRaWAN protocol that will leverage Semtech’s LoRa devices and technology to build Internet of Things (IoT) applications.

The network will rolled out with Australian agriculture company Goanna Ag, with an aim to bring smarter irrigation management solutions to Australian cotton...

By IoT News, 06 December 2018, 0 comments. Categories: Development, IoT, Manufacturing.

PTC acquires Frustum and partners with Rockwell Automation to boost IoT and AI offerings

Massachusetts-based enterprise software firm PTC has announced that it has bought Colorado-based advanced generative design software company Frustum for about $70 million. Frustum’s generative design technology, which leverages AI to develop options for design, will prove to be a meaningful addition to the PTC Creo portfolio, the company added.

Jim Heppelmann, president and CEO, PTC, said: “PTC is pushing the...

By IoT News, 22 November 2018, 0 comments. Categories: AI, Enterprise, IoT, Manufacturing.

How Losant aims to turn the long enterprise IoT journey into manageable steps

“A lot of times in this space people love to talk about the technology – but they don’t want to work with the business about how they think about the business problems they’re trying to solve,” says Charlie Key, co-founder and CEO of Losant.

It’s an interesting statement when you consider Key’s (left) background. Having spent pretty much all of his career in the...

By James Bourne, 07 November 2018, 0 comments. Categories: AI, Enterprise, IIoT, IoT, Manufacturing, Oil & Gas.

Amazon’s hiring of less Xmas staff indicates growing automation

Amazon is hiring fewer Xmas workers this year which could be a sign of growing automation within the retail industry.

In the past couple of years, Amazon has brought in 120,000 additional temporary staff to deal with the Christmas rush. This year, that number has dropped to 100,000.

While it’s hardly the robots-are-taking-our-jobs apocalypse some predict, it appears to be the start of a decline in the need for human workers.

Citi Analyst Mark May

By Ryan Daws, 05 November 2018, 0 comments. Categories: AI, Enterprise, IIoT, IoT, Manufacturing.

Why autonomous vehicles on farms might impact consumers’ lives more than on the road

Consumers are rightfully excited about the eventual introduction of autonomous vehicles, as they promise to deliver vast improvements in road safety, travel efficiency, and riding enjoyment.  But current use of self-driving technologies in industrial applications, such as farms and mines, suggests that true, fully autonomous vehicles might arrive first in places other than our roads.  While many of us might not realise it, the benefits of such use on farms would be equally – if not more...

By Brad Lukac, 26 October 2018, 0 comments. Categories: Connected Cars, Enterprise, IoT, Manufacturing.

How to ride the wave of digital disruption: A manufacturer explains

There is no ‘silver bullet’ technology to guarantee growth for manufacturers, but there is a winning attitude. Businesses that keep an open mind to all possible technology options and take the time to review them will stand a better chance of making the right investment – one that will power the business ahead of its competitors. For that, you need an open enterprise strategy that enables you to maintain that sort of open mind.

By Darren Duke, 03 October 2018, 0 comments. Categories: AI, Enterprise, IoT, Manufacturing.

General Electric’s CEO shuffle: Assessing the road to this point – and its digital future

Less than a month after becoming chairman and CEO of General Electric (GE) last year, John Flannery wrote a LinkedIn missive outlining the company’s future strategy. In short, it was full steam ahead for digital.

“We have fully embraced the digital industrial transformation, and we believe in its potential to change the world,”

By James Bourne, 01 October 2018, 0 comments. Categories: Enterprise, IoT, Manufacturing.

It is high time for IR sensor 2.0 – driven by the IoT

The IR sensor is a crucial component in many everyday products, ranging from medical equipment to mobile phones. But the technology is 50 years old and in serious need of an upgrade. The next generation IR sensor 2.0 for IoT will be much thinner than old sensors and cheaper to manufacture.

Today's manufacturing industry is highly dependent on sensors. Whether it is heavy industrial products or smaller consumer products – they are all more or less dependent on well-functioning sensors that control...

By Robert Ekström, 19 September 2018, 0 comments. Categories: IoT, Manufacturing, Standards.